Recaptured depreciation is best described as: 6 Multiple Choice 1 points When CCA and UCC are equal at the end of an asset's useful life. eBook Using a year's capital losses to offset capital gains in past years. O The taxable difference between adjusted cost of disposal and UCC, when UCC is smaller. O The difference between UCC and adjusted cost of disposal when the UCC is greater. O Using a year's capital losses to offset capital gains in future years